Thermal runaway shield acts as a heat sink during normal lithium-ion battery pack operation but also prevents thermal runaway propagation, which is a serious concern for aerospace and defense customers and electric vehicle manufacturers.
A vaporizing thermal capacitor that provides passive prevention of thermal runaway propagation (TRP) in lithium-ion battery packs.
Thermal runaway can occur spontaneously in a Li-ion cell due to a short.
This can trigger an explosive release of electric energy that ruptures the end cap resulting in a flare and combustion of cell materials.
Released heat drives the triggered cell temperatures to > 500°C, causing a dramatic increase in neighboring cell temperatures. Temperatures above the critical 130°C greatly increase the chance for a short in adjacent cells and result in TRP. This product keeps neighboring cell temperatures from rising above 100°C (well below the 130°C threshold) and prevents TRP.
Effective passive thermal management solutions for battery packs ranging from 10 to 4,000 cells are in demand.
This is especially the case with high-performance applications that draw more power from the battery pack, which can be the case with E-Mobility applications.
The company's US-designed, NASA-tested design is a very light-weight, durable heat sink that keeps lithium ion batteries cooler and safer.
A perfect fit for an automotive industry (electric vehicles) that demands safe and reliable, light-weight battery management solutions.
Grab Sources And Read More About KULR On Their Company Website.
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And as I mentioned previously, KULR has several potential catalysts that could spark vertical movement near term. Here's what to take into account.
No. 1 KULR Potential Catalyst - $7.00 Price Target Provides Over 400% Potential Upside From 12/21's Close
Analyst Theodore R. O’Neill of Litchfield Hills Research reiterated a buy rating and slapped KULR with a $7.00 price target back in August of 2022.
Here are some key highlights from his updated report:
One-cent miss to EPS but record revenue. KULR reported 3Q22 revenue and an EPS loss of $1.4MM and $0.05, respectively. Consensus 3Q22 revenue and EPS loss expectations were $0.9M and $0.04, respectively. The $0.01 EPS variance was due to lower margins and higher non-operating expenses, partially offset by lower operating expenses and higher sales.
Batting well above its weight. The company reported it has over 300 customers in the current quarter, with some of the world’s largest industrial and commercial companies such as Lockheed Martin (LMT-NR), Ball Aerospace, SAFT Group, General Motors (GM-NR), Cirba Solutions, Redwood Materials, Leidos Holdings (LDOS-NR), Meta Platforms (META-NR), Viridi Parente and BOSCH. KULR products protect and solve complex, real-world issues of heat, vibration, and safety.
Well capitalized. The company ended the quarter with $16.2MM of cash.
We are updating our estimates to include the results in the quarter, which increases our 2022 revenue to $3.4MM from $2.7MM. The 2022 EPS loss is unchanged at $0.19. For 2023, our revenue and EPS estimates are unchanged.
Although the shares trade above peer averages, it has held a premium for a considerable time and based on discounted future earnings, we feel the shares are undervalued.
Read the full report here.
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No. 2 KULR Potential Catalyst - "A Game-changing Product For The $44Bn Lithium-ion Battery Market"
KULR’s CellCheck Battery Monitoring System Launches on Microsoft’s Azure Cloud Computing Service
Built on Azure Cloud, the Modular Battery Management System Platform Leverages Azure Cloud's Advanced AI Functionality to Collect and Analyze Data From all KULR products
CellCheck Intelligence Allows Customers to Monitor Lifetime Health of Batteries in Real-Time
SAN DIEGO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced that its CellCheck Battery Monitoring System is now running on the Azure Cloud Computing Service by Microsoft (NASDAQ: MSFT). This next-generation battery safety technology captures real-time and lifetime battery data allowing it to detect adverse electrical, environmental and physical events resulting in maximum battery safety, reliability, and performance. In its new iteration, CellCheck devices can wirelessly transmit live sensor data from the edge to the Azure Cloud where it is displayed on an extensive dashboard system.
"Electrifying the circular economy will generate vast streams of high-value data," said Keith Cochran, President and COO of KULR Technology Group. "We are developing cutting-edge solutions that enable our customers to realize the full value of this data - from using predictive analytics for preventing thermal runaway, to using battery intelligence data for enhancement of operational performance, to using sustainability data to visualize ESG and climate impact. CellCheck technology will dramatically increase the safety of battery packs by providing instant analysis of current and historic health. We believe this to be a game-changing product for the $44Bn lithium-ion battery market."
Through CellCheck, individuals, companies, municipalities or manufacturers can monitor the lifetime health of singular batteries, larger battery modules, or battery-powered systems remotely and in real-time using this scalable cloud infrastructure.
CellCheck data facilitates a path toward Battery Safety Artificial Intelligence (“AI”) and may be integrated by original equipment manufacturers (“OEM”) into battery modules for use across e-mobility, power tools, drones, vehicles, industrial equipment and local or remote UPS systems, along with a wide range of other mission-critical, battery-powered applications.
KULR will demonstrate CellCheck on Azure Cloud with live sensor data capture at the upcoming 2023 International Consumer Electronics Show in Las Vegas on January 5-8, 2023.
Read the full article here.
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No. 3 KULR Potential Catalyst - New Commercial License Of "FTCR" (NASA Tech)
KULR Adds to Suite of Battery Safety and Testing Solutions With New Commercial License of NASA Technology
Company’s New Commercial License Allows Customers Access to New Battery Safety and Testing Solutions Across Multiple Industries
SAN DIEGO, Dec. 01, 2022 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced it has achieved operational readiness for its Fractional Thermal Runaway Calorimeter (“FTRC”) within its suite of battery safety and thermal management solutions after finalizing a commercial licensing agreement with the National Aeronautics and Space Administration (“NASA”) for the agency's patent-pending FTRC solution.
Following a one-year trial license from NASA, KULR’s new commercial license allows FTRC to be utilized by commercial-leaning companies, such as leading aerospace company Lockheed Martin (NYSE: LMT), that wish to develop better and safer battery pack and battery management system (“BMS”) designs. This successful progression deepens the Company’s position as the leading end-to-end battery safety design, testing, shipping, storage and failure-mitigation provider.
...
“FTRC is a key part of KULR’s holistic methodology for the design of safe battery systems and amplifies the Company’s mission of providing commercially applicable solutions that support the electrification of the circular economy,” said Dr. William Walker CTO of KULR Technology Group. “It is humbling to see a technology that I co-invented during my tenure at NASA become a licensed product in private industry and I am excited to support our customers with this new service offering. Fractional calorimetry has certainly changed the way we understand thermal runaway and I cannot wait to see what else is revealed to the industry as we continue our explorative studies internally on thermal runaway behavior.”
...
Read the full article here.
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No. 4 KULR Potential Catalyst - With Technicals Leaning Oversold, A Possible Healthy Reversal Looms
As of 4:30PM EST Wednesday, Barchart was reporting this profile to have several oversold leaning technicals.
These technicals could be signaling a healthy reversal in the near term.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, here are some key technicals (as of 4:30PM EST Wednesday) that could signal KULR to be leaning oversold and on the verge of a potential reversal.
- 9-Day Relative Strength Index: 33.10%
- 14-Day Relative Strength Index: 36.30%
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
- 14-Day Raw Stochastic: 14.62%
- 14-Day Williams %R: 85.38%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Keep an eye on these technicals closely.
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No. 5 KULR Potential Catalyst - Company Announces Record-Breaking Q3 Revenue
KULR Technology Group Reports Record Third Quarter 2022 Financial Results
SAN DIEGO, Nov. 09, 2022 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today reported results for the third quarter ended September 30, 2022.
Third Quarter 2022 Fi-nan-cial Results
Revenues: In the third quarter ended September 30, 2022, revenue increased to $1.4Mn from $0.6Mn reported in the same period last year. The increase in revenue was primarily due to an increase in contract services and product sales revenues in the quarter.
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Management Commentary
“The third quarter was an inflection point for KULR as we achieved record revenue results and began transitioning to the next chapter of our growth story,” said KULR CEO Michael Mo. “The strategic in-vest-ments made in the previous quarters into our employees, R&D, and sales & marketing initiatives, have effectively laid the groundwork to accelerate our expansion efforts. These in-vest-ments will moderate going forward, and we expect to continue generating a strong ROI that will translate to top line growth. Additionally, there will be a fluctuation in gross margins in the short term as a result of conducting business with different customers for a wide range of products and services. With a strong cash position, a robust sales pipeline, and a clear pathway for success, we remain laser focused on executing the game plan over the coming quarters and beyond to manifest our growth plans.”
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Read the full article here.
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KULR Recap - 5 Potential Catalysts Could Provide This Past Champ With Breakout Fuel
No. 1 - $7.00 Price Target Provides Over 400% Potential Upside From 12/20's Close
No. 2 - "A Game-changing Product For The $44Bn Lithium-ion Battery Market"
No. 3 - New Commercial License Of "FTCR" (NASA Tech)
No. 4 - With Technicals Leaning Oversold, A Possible Healthy Reversal Looms
No. 5 - Company Announces Record-Breaking Q3 Revenue
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Coverage is officially reinitiated on KULR. When time permits, do this:
